World - O-Acetylsalicylic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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The o-acetylsalicylic acid market is expected to see a slight decrease in volume and value over the next eight years. Consumption trends have been relatively flat with peaks in volume and value seen in 2022. Production, imports, and exports have also shown varied patterns over the years. Countries like Russia, United States, China, and Thailand play major roles in the market. The article provides detailed insights into the market trends and projections for the future.
Market Forecast
The o-acetylsalicylic acid market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.6% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 21K tons by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market value to $128M (in nominal prices) by the end of 2030.
Consumption
World Consumption of O-Acetylsalicylic Acid, Its Salts And Esters
In 2022, consumption of o-acetylsalicylic acid, its salts and esters was finally on the rise to reach 22K tons for the first time since 2018, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.
The global o-acetylsalicylic acid market value skyrocketed to $120M in 2022, surging by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Russia (3.6K tons), the United States (3.2K tons) and Thailand (1.8K tons), with a combined 38% share of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Thailand (with a CAGR of +17.4%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest o-acetylsalicylic acid markets worldwide were Russia ($22M), the United States ($14M) and Italy ($8.1M), together comprising 37% of the global market. Thailand, Spain, India, China, Germany, South Africa, Brazil, Ukraine, Pakistan and Kenya lagged somewhat behind, together comprising a further 38%.
Among the main consuming countries, Thailand, with a CAGR of +17.9%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of o-acetylsalicylic acid per capita consumption in 2022 were Thailand (26 kg per 1000 persons), Russia (25 kg per 1000 persons) and Spain (25 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Thailand (with a CAGR of +17.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of O-Acetylsalicylic Acid, Its Salts And Esters
After three years of growth, production of o-acetylsalicylic acid, its salts and esters decreased by less than 0.1% to 19K tons in 2022. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 2%. Global production peaked at 19K tons in 2021, and then dropped slightly in the following year.
In value terms, o-acetylsalicylic acid production reduced slightly to $74M in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. As a result, production reached the peak level of $78M. From 2017 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (8.9K tons), Spain (4.8K tons) and Thailand (3.6K tons), together comprising 91% of global production. India lagged somewhat behind, accounting for a further 6.1%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by India (with a CAGR of +0.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of O-Acetylsalicylic Acid, Its Salts And Esters
Global o-acetylsalicylic acid imports surged to 17K tons in 2022, jumping by 16% on the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, global imports attained the peak figure at 19K tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, o-acetylsalicylic acid imports soared to $99M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports By Country
Russia (3.6K tons) and the United States (3.3K tons) represented roughly 40% of total imports in 2022. Germany (1.6K tons) ranks next in terms of the total imports with a 9.2% share, followed by Italy (8%). South Africa (687 tons), Pakistan (468 tons), Brazil (455 tons), Ukraine (392 tons), Kenya (383 tons), Belarus (324 tons), Austria (321 tons), Romania (302 tons) and Poland (300 tons) took a minor share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Russia (with a CAGR of +11.7%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest o-acetylsalicylic acid importing markets worldwide were Russia ($26M), the United States ($14M) and Italy ($8M), with a combined 48% share of global imports.
In terms of the main importing countries, Russia, with a CAGR of +18.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average o-acetylsalicylic acid import price stood at $5,739 per ton in 2022, increasing by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($9,500 per ton), while Belarus ($3,554 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of O-Acetylsalicylic Acid, Its Salts And Esters
After five years of growth, overseas shipments of o-acetylsalicylic acid, its salts and esters decreased by -9.8% to 14K tons in 2022. In general, exports saw a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 7%. The global exports peaked at 16K tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.
In value terms, o-acetylsalicylic acid exports reduced to $67M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. The global exports peaked at $73M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports By Country
China represented the major exporter of o-acetylsalicylic acid, its salts and esters in the world, with the volume of exports accounting for 7.3K tons, which was approx. 52% of total exports in 2022. Spain (3.8K tons) ranks second in terms of the total exports with a 27% share, followed by Thailand (13%). Germany (530 tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +6.6%), while shipments for the other global leaders experienced a decline in the exports figures.
In value terms, the largest o-acetylsalicylic acid supplying countries worldwide were China ($27M), Spain ($20M) and Thailand ($8.3M), together comprising 83% of global exports. Germany lagged somewhat behind, comprising a further 9.3%.
In terms of the main exporting countries, Germany, with a CAGR of +12.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.
Export Prices By Country
In 2022, the average o-acetylsalicylic acid export price amounted to $4,784 per ton, surging by 3.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 13%. Over the period under review, the average export prices reached the maximum at $4,790 per ton in 2019; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($11,773 per ton), while China ($3,784 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global o-acetylsalicylic acid market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21101050 - O-acetylsalicylic acid, its salts and esters
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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